The US Supreme Court has decided against Elon Musk’s attempt to overturn a settlement with the Securities and Exchange Commission (SEC) that mandates him to seek a lawyer’s approval before posting certain Tesla-related tweets.
Back in 2018, Musk agreed to the settlement after tweeting about taking Tesla private with falsely claimed “funding secured.”
As part of the deal, he must have a “Twitter sitter,” yet the identity of this person remains undisclosed.
Despite efforts to challenge the settlement, including an appeal to a federal appeals court in 2023 arguing it violated Musk’s free speech rights, the Supreme Court has upheld the lower court’s decision.
The SEC had investigated Musk’s tweets, including the misleading “funding secured” post, another containing inaccurate details about Tesla’s vehicle production, and a tweet suggesting Musk sell Tesla stock.
